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Tag "FX rate"

Customs FX rate now N1,515/$ — sixth adjustment in February

    Customs FX rate now N1,515/$ — sixth adjustment in February

The Nigeria Customs Service (NCS) has adjusted the foreign exchange rate for its tariffs and duties to N1,515 to a dollar. The new rates were reflected on the single window

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The good, the bad and the ugly — how official FX market turbulence affects you

    The good, the bad and the ugly — how official FX market turbulence affects you

A new record was unlocked in Nigeria’s foreign exchange (FX) market on January 29, 2023, as the naira lost 51 percent value against the dollar, trading at N1,348 — the

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Naira falls to N1,530 at parallel market, surpasses official window rate

    Naira falls to N1,530 at parallel market, surpasses official window rate

The naira, on Wednesday, crossed the N1,500 mark at the parallel section of the foreign exchange (FX) market. The value of the naira fell to N1,530 against the dollar —

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CBN: Authorised dealers reporting false FX transaction details

    CBN: Authorised dealers reporting false FX transaction details

The Central Bank of Nigeria (CBN) has warned foreign exchange (FX) authorised dealers, as well as their customers, to desist from giving inaccurate and misleading information about their transactions. CBN

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Beyond The Data: NBS says vehicle imports rose by 708% — but stakeholders disagree

  Beyond The Data: NBS says vehicle imports rose by 708% — but stakeholders disagree

In Nigeria, owning a car is regarded as a luxury that is often out of reach for the average citizen.

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N22.5bn FX loss overturns Flour Mills’ profit in Q1

  N22.5bn FX loss overturns Flour Mills’ profit in Q1

Flour Mills of Nigeria Plc incurred a foreign exchange (FX) loss of N22.5 billion in its first quarter (Q1) operations

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Report of naira devaluation false, says CBN

  Report of naira devaluation false, says CBN

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira

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